Bharat Financial Inclusion Ltd. (BFIL), a 100% subsidiary of IndusInd Bank, has contributed 1 Crore Rupees to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). The fund was set up in March by the Government of India to help fight the unprecedented COVID-19 crisis. Shri G. Kishan Reddy, Minister of State for Home Affairs, Government of India received the cheque from BFIL representatives at the North Block office in New Delhi yesterday. He appreciated the company for coming forward and strengthening the fight against COVID 19.
In addition to this contribution, BFIL has been tirelessly working to help state governments in Jharkhand, Madhya Pradesh and Karnataka to get access to essential medical equipment like testing kits, PPEs, and other sanitation requirements and also train frontline health workers to protect themselves against the virus.
Mr. MR Rao, MD & CEO, BFIL said, “We are witnessing an unprecedented crisis and the entire BFIL family stands in solidarity with the nation. With this contribution to PM CARES Fund and many other initiatives at the grassroots level, we are providing all possible relief to needy people in villages and small towns across India.”
The PM CARES Fund will be used to fight the health emergency brought about by COVID-19, ramp up research and strengthen healthcare and pharma facilities in India.
Shares of INDUSIND BANK LTD. was last trading in BSE at Rs.468.9 as compared to the previous close of Rs. 407.35. The total number of shares traded during the day was 3058848 in over 54957 trades.
The stock hit an intraday high of Rs. 480.9 and intraday low of 430. The net turnover during the day was Rs. 1374354974.